• Bank of East Asia Home Loan

    Home Loan BYTES FROM OUR KITCHEN

    Bank of East Asia Home Loan

    Recent times have seen an accelerated growth in housing needs and with this rise in demand the prices of related materials have also risen. This alternately means that owning your own home has become a need which is not easy to finance on your own. This is where Bank of East Asia steps in, to provide affordable home loans in Singapore.


    You’re probably eligible for an Bank of East Asia Home Loan if you are

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    Bank of East Asia Home Loan Minimum Age

    No Info

     Bank of East Asia Home Loan Maximum Age

    No Info

    Bank of East Asia Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Bank of East Asia Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Bank of East Asia Home Loan amount eligibility is based on these factors

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    Bank of East Asia Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Bank of East Asia Home Loan Maximum Loan to property value

    Loan capped @ 70% of property value

    Bank of East Asia Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Bank of East Asia Home Loan amount by these steps

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    Bank of East Asia Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Bank of East Asia Home Loan Maximum Tenure

    Choose longer tenure loan up to 25 years

    Bank of East Asia Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Bank of East Asia Home Loan

    • 1. Copy of NRIC/Passport of all Applicants & Owners
    • 2. Latest Computerised Payslip (salaried)
    • 3. CPF Statement – Latest 12 Months Contribution History (salaried)
    • 4. 2 Years Income Tax Assessment (self-employed)
    • 5. Option to Purchase or Sale & Purchase Agreement (for new purchase)
    • 6. Tenancy Agreements (if any)
    • 7. Evidence of sale of existing property (if applicable)

    Bank of East Asia Home Loan DetailsUpdated on 23 Jul 2017

    Bank of East Asia Home Loan Details
    Interest Rate 1.78%
    Margin of Finance Up to 70%
    Loan Tenure 25 years

    About Bank of East Asia Home Loan, Singapore

    Bank of East Asia was established in 1918 and is based in Hong Kong. It formed its Singapore branch in 1952. The bank specializes in providing corporate mortgage as well as other financial services and banking activities. Bank of East Asia also offers mortgage financing for personal home loans.

    Why choose Bank of East Asia Housing Loan?

    Bank of East Asia Home Loan is an attractive option since it offers various schemes that meet the requirements of different customers. The tenure offered on the loan can be as high as 30 years and there is also provisions for cash rebate and preferential mortgage rates.

    Bank of East Asia Mortgage Loan Plans

    1. Conventional Mortgage Plan

    Features
    • Applicant can get up to 70% of property value sanctioned as loan amount.
    • Maximum tenure of loan of up to 30 years.
    • Preferential mortgage rate.
    • Provision of cash rebate.
    • Provided for purchase through primary and secondary markets, mortgage transfer, refinancing, and cash-out.
    • Easy repayment options.
    Benefits
    • Valuation fee waiver.
    • Fire insurance and household insurance offers.

    2. SupremeGold Mortgage Plan

    Features
    • For a HKD time deposit, preferential deposit rate is worth up to 50% of the mortgage loan principal outstanding under the SupremeGold account.
    • Receive higher interest returns on time deposits to offset mortgage interest expenses.
    • Exclusive wealth management privileges.
    • Better wealth management through separate mortgage loan and deposit accounts.
    • Applicant can get up to 90% of property value sanctioned as loan amount.
    • Maximum tenure of loan of up to 30 years.
    Benefits
    • No initial deposit required to open a SupremeGold account.
    • During the mortgage loan period there is no monthly service fee.
    • Valuation fee waiver.
    • Offers on fire insurance and household insurance.

    3. 90% Mortgage Plan

    90% Mortgage Plan - Mortgage Insurance Programme

    Features
    • Maximum loan amount provided is 90% of property value.
    • Maximum tenure of loan of up to 30 year.
    • Preferential mortgage rate and cash rebate.
    • Applicable to owner-occupied residential properties.
    Benefits
    • Waiver of the valuation fee
    • Offers on fire insurance and household insurance

    90% Mortgage Plan - Top-up Mortgage Loan Programme

    Features
    • This includes two mortgage accounts. The first mortgage is offered at up to 70% and the second mortgage at up to 20% of value of property.
    • Maximum tenure of loan of up to 30 year.
    • Customer has to own and occupy the residential properties.
    Benefits
    • Waiver of the valuation fee
    • Offers on fire insurance and household insurance

    4. HIBOR Mortgage Plan

    Features
    • Mortgage interest rate is based on Hong Kong Interbank Offered Rate ("HIBOR")
    • Interest periods of 1 or 3 months are available
    • On the loan drawdown date as well as every renewal date, the mortgage interest rate for the next interest period will be the lower of (i) the interest rate cap or (ii) the applicable HIBOR -based interest rate. This helps to plan repayment options.
    • Maximum loan amount would be 90% of property value
    • Maximum tenure of loan of up to 30 year.
    Benefits
    • Valuation fee waiver.
    • Offers on fire insurance and household insurance.
    • This loan is extended to offices, shops, or industrial properties for self-use or for rental purposes.
    • Maximum loan amount of up to 40% of property value.
    • Maximum tenure of loan of up to 20 years.
    • Preferential mortgage rate.
    • Easy repayment arrangement.

    1. Home Ownership Scheme' Mortgage Plan

    Features
    • Maximum loan amount of up to 95% of property price.
    • Preferential mortgage rate.
    • Maximum tenure of loan of up to 25 years.
    • Flexible repayment arrangement.
    Benefits
    • Valuation fee waiver.
    • Early prepayment fee waiver.

    2. 'Tenants Purchase Scheme' Mortgage Plan

    Features
    • Maximum loan amount of up to 100% of property price.
    • Preferential mortgage rate.
    • Maximum tenure of loan of up to 25 years.
    • Flexible repayment arrangement.
    Benefits
    • Valuation fee waiver.
    • Early prepayment fee waiver.
    • Under this scheme, applicants should be aged 55 or above in order to apply.
    • He/she has to own a residential property that they live in.
    • Applicant must remain the property owner and can continue to live in the property.
    • Monthly payouts over a fixed payment term or for life.
    • Offer available for borrowing lump-sum loan when needed.

    The Bank of East Asia Singapore, offers banking services and financial products to corporate and individual customers in Singapore. It provides:

    • Personal banking products: current, savings and fixed deposit products
    • Car financing
    • Share margin trading
    • Property loans
    • Bank of East Asia Fixed Deposits
    • Trade Finance: imports, exports, guarantees, and government assistance financing schemes.
    • Structured deposit products
    • Dual currency investment products
    • Corporate banking products: current and fixed deposit accounts and working capital facility, syndication, mortgage and project finance, etc.
    • Treasury services: foreign exchange products and interest rate swaps; and remittance, foreign currency banknotes, cheque for collection and safe deposit box services.
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